Creditor offers Bitcoin miner Core Scientific $72M to avoid bankruptcy By Cointelegraph

Financial services platform B. Riley has offered (BTC) miner Core Scientific $72 million in financing to avoid bankruptcy and preserve value for Core Scientific stakeholders.

B. Riley, a top lender to Core Scientific with $42 million in loans currently outstanding, outlined the terms of the financing agreement in a Dec. 14 letter noting it’s prepared to fund the first $40 million “immediately, with zero contingencies.”